Kimberly-Clark (KMB) Tops Q1 EPS by 9c; Reaffirms FY15 Outlook

Kimberly-Clark (NYSE: KMB) reported Q1 EPS of $1.42, $0.09 better than the analyst estimate of $1.33. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.6 billion.

Kimberly-Clark continues to see FY2015 EPS of $5.60-$5.80, versus the consensus of $5.64.

Chairman and Chief Executive Officer Thomas J. Falk said, "We are off to a very good start to the year. We delivered mid-single digit organic sales growth, significant cost savings and margin improvements and healthy growth in adjusted earnings per share from continuing operations despite substantial headwinds from foreign currencies. We also made further progress with targeted growth initiatives, launched product innovations and allocated capital in shareholder-friendly ways. We are executing our Global Business Plan strategies well in a volatile environment and we are maintaining our full-year target for adjusted earnings per share despite a more negative currency outlook. We continue to be optimistic about our future and our prospects to generate attractive returns to shareholders."

For earnings history and earnings-related data on Kimberly-Clark (KMB) click here.

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